Carlyle Secured Lending(US:CGBD)2024-11-06 18:39Financial Performance - Net investment income per share was $0.47[11] - Adjusted net investment income was $0.49 per common share[11] - NAV per share was $16.85 as of September 30, 2024, a slight decrease from the prior quarter's $16.95[11] - A base dividend of $0.40 plus a $0.05 supplemental dividend for 4Q24 was declared, equating to an annualized dividend yield of 10.7% on the 3Q24 NAV[11] Portfolio and Investment Activity - Total fair value of the portfolio was $1.7 billion across 128 portfolio companies with a weighted average yield of 11.9% as of September 30, 2024[11] - New investment fundings during the quarter were $143.4 million with a weighted average yield of 10.7%[11] - Total repayments and sales during the quarter were $171.2 million with a weighted average yield of 12.4%[11] - Non-accrual investments represented 1.2% of the total portfolio based on amortized cost and 0.6% based on fair value as of September 30, 2024, down from 2.8% and 1.8% respectively as of June 30, 2024[11] Liquidity and Capital Activity - $300 million 6.75% unsecured notes were issued in October, maturing in 2030, along with an interest rate swap to pay a floating interest of SOFR + 3.23%[11] - Net financial leverage decreased to 0.89x as of September 30, 2024, and statutory leverage decreased to 1.05x[11] - Total liquidity as of September 30, 2024, was $354.8 million in cash and undrawn debt capacity[11]